6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
The acquisition would include retail stores, warehouses, fill plants and other operations involved in distributing packaged gases and welding equipment sold through BOC's stores and distributors. The business includes the range of packaged industrial, medical and most specialty gases. The business to be acquired generated about $240 million in revenues in fiscal 2003. Approximately 65 percent of the revenues would be from gas sales and cylinder rent, with the remainder from welding hardgoods and supplies.
The transaction would exclude packaged electronic gases, helium and hydrogen delivered in tube trailer or in liquid form, and bulk gases, including bulk medical and bulk gases supplied to its distributors. The transaction also would not affect BOC's merchant liquid and tonnage/on-site business in North America and its packaged gases businesses in other parts of the world.
Most of the acquired operations and related personnel would be integrated within Airgas' regional company structure. Airgas has formed an integration team with dedicated resources to manage a smooth transition for customers and associates.
'The operations are a strong strategic fit with our core business of distributing industrial, specialty and medical gases and related supplies,' said Airgas CEO Peter McCausland. 'They would add branches in selected markets in the Midwest, Northeast and Southeast portions of the U.S. where we currently have little or no presence, as well as give us our first presence in Hawaii.'